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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #64,601
  • Mar 3, 2008 7:23am Mar 3, 2008 7:23am
Quoting karmostaji
Bears are dying, that's what I think.
karmo did you get the p.m. i need you guyz opinion before i post such volatile info.
Imanuel Parsifal
  • #64,602
  • Mar 3, 2008 7:24am Mar 3, 2008 7:24am
Quoting sycho
karmo did you get the p.m. i need you guyz opinion before i post such volatile info.
I got it, i'll look into it later when I've got some free time.
Trade what you see, not what you think.
  • #64,603
  • Mar 3, 2008 7:30am Mar 3, 2008 7:30am
A solid close above the Hans Range Indicator (blue lines) is needed to be sure of longs, it still is currently in the range zone, bouncing back and forth.

Good pips to be made for scalpers.
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  • #64,604
  • Mar 3, 2008 7:32am Mar 3, 2008 7:32am
Karmo, this eagle looks hungry...
  • #64,605
  • Mar 3, 2008 7:34am Mar 3, 2008 7:34am
Quoting karmostaji
Bears are dying, that's what I think.
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  • #64,606
  • Mar 3, 2008 7:37am Mar 3, 2008 7:37am
The strategy for the day -
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  • #64,607
  • Mar 3, 2008 7:38am Mar 3, 2008 7:38am
doesnt look like its gona break 205.7 on this move, possible short for scalping?
  • #64,608
  • Mar 3, 2008 7:40am Mar 3, 2008 7:40am
Quoting forexlion
if gold goes up then gj goes down and vice versa

does it work like that ?? any comments ?

This do not Happen Actually.
We are talking about Pure Value of Yen and Pure Value of Sterling.

When the USD pure value drop , then you mostly see increase in Gold because When some investor find the Stock market unsafe , they move their investments on Gold.

Also , As US very important country for Japan Economy , Stock market in Japan is looking on US Market... Unlike the US , (because Japanese companies are mostly Exporters) When the Stock in Japan fall , the Yen gains... A Strong yen is a poison in the Japan Stock market.

Also on the Other hand GBP Pure value is on play , but mostly it focused on UK Stock market and UK Data and Some US stock reports.... but less....

Also , Interest Rates in UK play a good role now , and it showed that it real y ease the market problems temporary.
Imagination is more important than knowledge. -- Albert Einstein
  • #64,609
  • Mar 3, 2008 7:46am Mar 3, 2008 7:46am
Careful longs..

I agree with AUS and others that we should see more downside today, with a test of the psychological level of 200 in the cards. Then we may start to see a retrace toward 207/208 toward mid/end of the week..
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  • #64,610
  • Mar 3, 2008 7:46am Mar 3, 2008 7:46am
Quoting Pyramid
This do not Happen Actually.
We are talking about Pure Value of Yen and Pure Value of Sterling.

When the USD pure value drop , then you mostly see increase in Gold because When some investor find the Stock market unsafe , they move their investments on Gold.

Also , As US very important country for Japan Economy , Stock market in Japan is looking on US Market... Unlike the US , (because Japanese companies are mostly Exporters) When the Stock in Japan fall , the Yen gains... A Strong yen is a poison in the Japan Stock market.

Also on the Other hand GBP Pure value is on play , but mostly it focused on UK Stock market and UK Data and Some US stock reports.... but less....

Also , Interest Rates in UK play a good role now , and it showed that it real y ease the market problems temporary.
nice one mate
Imanuel Parsifal
  • #64,611
  • Mar 3, 2008 7:53am Mar 3, 2008 7:53am
Quoting karmostaji
Bears are dying, that's what I think.
  • #64,612
  • Mar 3, 2008 7:55am Mar 3, 2008 7:55am
If you're in long, you just gotta be patience. Pop some p-pills if you have to. The pips will come to those who wait. Remember there's a 100-pip gap yet to be filled.
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  • #64,613
  • Mar 3, 2008 7:57am Mar 3, 2008 7:57am
Quoting quecee5
now where did you appear from..have missed you all day..just when am about to leave you show up...how is your day Q.hello leprricus
Imanuel Parsifal
  • #64,614
  • Mar 3, 2008 8:00am Mar 3, 2008 8:00am
Hope everyone caught the pips last night - it was a ride ride. I got stopped out at +1 on my long trade but waited for it to bottom and got in long @ 203.62. . .

Looks like 205.30 is the 1st target, then we'll have to re-evaluate once it gets there. I still think we'll see at least the gap close within the next day or so but GJ is still in a down trend and the next targets are set at 202/201 area if the bears get the downward momentum going. . .

JMHO. . .
  • #64,615
  • Mar 3, 2008 8:01am Mar 3, 2008 8:01am
Quoting sycho
now where did you appear from..have missed you all day..just when am about to live you show up...how is your day Q
Good man. . .
Had to get some sleep last night but it's always good to wake up to green pips. . . How are u 2day?
  • #64,616
  • Mar 3, 2008 8:02am Mar 3, 2008 8:02am
what time was the gap? esginal is showing no gaps
  • #64,617
  • Mar 3, 2008 8:03am Mar 3, 2008 8:03am
mt4 shows a gap down on open for sunday. oanda also shows no gap.

Quoting Genics
what time was the gap? esginal is showing no gaps
  • #64,618
  • Mar 3, 2008 8:04am Mar 3, 2008 8:04am
Be Careful , Today Fed has a meeting as also CNBC news Confirmed a few min ago , I am sure , If they inform a surprised message , We will see a Huge movement on market but be careful , the Shadows happens in such a situations and it can easily hit your SL and then go to your TP.... or vise versa.... be careful....
Imagination is more important than knowledge. -- Albert Einstein
  • #64,619
  • Mar 3, 2008 8:04am Mar 3, 2008 8:04am
Quoting lonespruce
mt4 shows a gap down on open for sunday. oanda also shows no gap.
yeh small gap sunday open but thats it
  • #64,620
  • Mar 3, 2008 8:05am Mar 3, 2008 8:05am
Quoting Genics
what time was the gap? esginal is showing no gaps
Here ya go!
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